Permanent Note definition

Permanent Note means the Promissory Note to be executed by the Partnership to evidence its obligations with respect to the Permanent Loan, which Note shall be secured by the Permanent Mortgage.
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Permanent Note means the promissory note dated as of the Conversion Date, payable to the order of Lender, substantially in the from of Exhibit B hereto, executed in connection with the Permanent Loan.
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Permanent Note means the Construction Note upon conversion of the Construction Loan at Permanent Mortgage Commencement.
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Examples of Permanent Note in a sentence

  • The General Partner shall cause the Partnership to elect promptly, to the extent permitted and in the manner prescribed by any Agency or Lender having jurisdiction, that all debt service payments made by the Partnership to the holder of the Permanent Mortgage shall be applied first to interest determined at the stated rate set forth in the Permanent Note, and then to principal due with respect to the Permanent Note.

  • With respect to the Permanent Loan, the Permanent Loan Rate in effect hereunder and under the Permanent Note shall be increased or decreased, as the case may be, on a monthly basis effective as of the date of each monthly installment due date during such term by an amount equal to any increase or decrease in the One Month LIBOR from the date of last change.

  • English shall be the official language for construction and interpretation of this Agreement, the Construction Note or Permanent Note, and all Loan Documents and notices, unless specifically designated otherwise in such Loan Document.

  • In the event the Vessel has been accepted by Borrower, or that Lender, in its reasonable discretion determines that the Vessel should have been or could have been accepted but for the unreasonable actions of Borrower, and Borrower does not pay the Construction Note with proceeds of a Permanent Note with Lender, Borrower shall pay liquidated damages in the amount of three percent (3%) of the Construction Loan Limit on the Construction Loan Maturity Date.

  • There are no exchange approvals required for the execution of the Agreement, the Construction Note or Permanent Note, or the Loan Documents and the Borrower will be permitted to purchase sufficient freely transferable United States Dollars for the payment of all amounts due under such agreements and documents if applicable.

  • No event has occurred and no condition exists which, upon consummation of the transactions contemplated by this Agreement, would constitute a default under the Construction Note or Permanent Note or other evidence of indebtedness of Borrower or a Default or an Event of Default.

  • Beginning on the first day of the second month following the month of the Conversion Date, and continuing on the first day of each month thereafter, Borrower shall pay all accrued interest until the Permanent Note Maturity Date.

  • The following exchanges of a part of this Global Note for Definitive Notes or a part of a Permanent Global Note have been made: Nominal amount of this Global Note exchanged Remaining nominal for Definitive Notes or amount of this Global a part of a Permanent Note following such Notation made by or on Date made Global Note exchange* behalf of the Issuer * See most recent entry in Part II, III or IV of Schedule One or in this Schedule 2 in order to determine this amount.

  • Borrower's obligations to repay the Permanent Loan shall be evidenced by and repayable with interest in accordance with the terms of the Permanent Note substantially in the form as shown in EXHIBIT B hereto.

  • The notations in such records indicating the outstanding principal amount of the Loan evidenced thereby shall, in the absence of manifest error, be prima facie evidence of the principal amount thereof owing and unpaid, but the failure to record any such amount in such records or otherwise shall not limit or affect the obligations of Borrower hereunder or under the Construction Note or Permanent Note to make payment of principal of or interest on the Loan when due.


More Definitions of Permanent Note

Permanent Note means the Promissory Note dated as of the Closing Date by Borrowers payable to the order of Lender and in the original amount of $17,956,250.
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Related to Permanent Note

  • Permanent Loan shall have the meaning assigned to that term in Section 2.16.1.

  • Permanent Global Note means a permanent global Bearer Note in the form or substantially in the form set out in Appendix B-2 hereto (or in such other form as may be agreed between the relevant Issuer, the Agent and the relevant Purchaser(s)) comprising some or all of the Notes of the same Series, issued or to be issued by the relevant Issuer either in exchange for the whole or part of a Temporary Global Note issued in respect of the Notes of the same Tranche or initially representing the Notes;

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Loan Note means each Loan Note of the Borrower in the form of Exhibit C attached hereto, payable to the order of a Funding Agent for the benefit of the Lenders in such Funding Agent’s Lender Group, in the aggregate face amount of up to such Lender Group’s portion of the Maximum Facility Amount, evidencing the aggregate indebtedness of the Borrower to the Lenders in such Funding Agent’s Lender Group.

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • Permanent Offshore Global Note means an Offshore Global Note that does not bear the Temporary Offshore Global Note Legend.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Bridge Note means a promissory note of the Borrower in the form attached as Exhibit B hereto evidencing the Bridge Loan of any Lender.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

  • Equipment Note means and includes any equipment notes issued under the Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of the Indenture) and any Equipment Note issued in exchange therefor or replacement thereof pursuant to Section 2.07 or 2.08 of the Indenture.

  • Tranche A Note means a promissory note evidencing Tranche A Loans, substantially in the form of Exhibit B hereto.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Revolver Note means any one of such Revolver Notes.

  • Permanent Financing means long-term debt (with a term of no less than fifteen (15) years) including a mortgage or other financing evidenced by a lien against the property. Permanent sources of financing identified on Page 7 of Form 3 to cover development costs (including capitalized operating and replacement reserves) may not include letters of credit, cash from operations, the lease up reserve or other non-cash contributions to the Project.

  • Note A shall have the meaning assigned to such term in the recitals.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • B Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a B Advance made by such Lender.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • Term A Note means a promissory note made by the Borrower in favor of a Term A Lender evidencing Term A Loans made by such Term A Lender, substantially in the form of Exhibit C-1.